Northfield, Ill.-based branded food giant Kraft Foods has declared a quarterly dividend of US$0.15 per common share, up from US$0.13 per common share,
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The company’s board voted to increase the regular quarterly dividend by 15.4%, to an annualised rate of US$0.60 per common share of Class A and Class B stock. This, said Kraft, is a reflection of the group’s continued strong financial performance and its commitment to returning value to shareholders.
The dividend is payable on 7 October, to stockholders of record as of 16 September 2002.
